In this guide, we explain which countries and regions are restricted from using Phemex. Phemex is a cryptocurrency exchange that offers spot trading, derivatives markets, and automated trading tools. While the platform serves traders globally, it does not operate in every jurisdiction.
Due to regulatory requirements and compliance policies, several countries and regions cannot access Phemex services. Some restricted jurisdictions include the United States, the United Kingdom, Mainland China, and several sanctioned regions.
Below, you will find the latest list of Phemex restricted countries based on the platform’s Terms of Service and legal compliance policies.
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Phemex Restricted Countries
Below is the list of Phemex restricted countries and regions as of 2026, according to the platform’s Terms of Service under the section “Legal Compliance”.
Restricted jurisdictions include:
- United Arab Emirates
- United States of America
- United Kingdom
- Ontario (Canada)
- Québec (Canada)
- Alberta (Canada)
- Saskatchewan (Canada)
- Afghanistan
- Angola
- Burundi
- Central African Republic
- China
- Cuba
- Crimea
- Democratic Republic of the Congo
- Ethiopia
- Eritrea
- Guinea
- Guinea-Bissau
- Haiti
- India
- Iraq
- Iran
- Ivory Coast
- Lebanon
- Liberia
- Libya
- Mali
- Myanmar
- Nicaragua
- North Korea
- Palestine
- Republic of Seychelles
- Rwanda
- Sierra Leone
- Somalia
- South Africa
- South Sudan
- Sudan
- Syria
- Venezuela
- Yemen
- Zimbabwe
Users located in these jurisdictions are not permitted to access or use Phemex services.
Phemex also maintains separate restriction lists for OTC trading and fiat deposit services, which apply to additional regions due to local financial regulations and compliance requirements. These lists affect specific services rather than general platform access.
Does Phemex Require KYC?
No, Phemex doesn’t require KYC verification. You can deposit, trade, and withdraw on Phemex without having to verify your identity. However, without KYC verification, you can not make credit/debit card purchases on Phemex.
If you want to verify your Phemex identity, you must submit the following details:
- ID, Passport or Driver’s License
- Facial Recognition (Selfie)
After you have successfully completed the Phemex KYC verification process, you will have full access to the crypto exchange.
Bottom Line
Phemex restricts access in several jurisdictions due to regulatory requirements and compliance policies. Countries such as the United States, the United Kingdom, Mainland China, and several sanctioned regions are currently blocked from using the platform.
Users located in supported regions can still register and trade cryptocurrencies on Phemex without mandatory identity verification. However, some services such as OTC trading and fiat deposits may have additional regional restrictions.
FAQs
1. Is Phemex available in the United States?
No, Phemex is not available in the United States. US residents are included in the list of restricted jurisdictions and cannot create accounts or trade on the platform. Because of this restriction, traders in the United States often consider alternatives such as Kraken or Coinbase.
2. Is Phemex available in Canada?
Phemex is partially restricted in Canada. Users located in Ontario, Québec, Alberta, and Saskatchewan cannot access the platform due to regional regulatory requirements.
3. Is Phemex available in the United Kingdom?
No, Phemex is not available in the United Kingdom. UK residents are included in the list of restricted jurisdictions according to the platform’s Terms of Service.
4. Can I Use Phemex with a VPN?
Using a VPN does not bypass Phemex jurisdiction restrictions. Even if a VPN allows access to the website, users located in restricted jurisdictions are still prohibited from using the platform. If the exchange detects activity from a restricted region, the account may be suspended or withdrawals may be limited.
For this reason, users should only access Phemex if they reside in a supported country.
